Probability Analysis:
Given the market structure and liquidity considerations, we can assign percentage probabilities to different scenarios:
Bullish Scenario (Price moves up to PDH - 189.700 or Premium Zone - 191.000)
Probability: 55%
Reason:
The market recently showed a ChOCH to the upside.
If price maintains above the equilibrium zone, it may target PDH or even higher into the premium zone.
Liquidity above equal highs (EQH) might act as a magnet.
Bearish Scenario (Price moves down to PDL - 188.200 or Demand Zone)
Probability: 45%
Reason:
There’s a weak low that could be grabbed before a reversal.
Market has seen BOS downward, showing some bearish intent.
If price rejects the current resistance and moves below equilibrium, the next stop is the discount zone (188.200-187.900).Slightly higher probability of a bullish move (55%), as price is currently attempting to establish higher lows and break towards PDH.
Key Confirmation Needed:
If price remains above 188.900, bullish continuation is more likely.
If price breaks below 188.500, bearish pressure may take over.
Given the market structure and liquidity considerations, we can assign percentage probabilities to different scenarios:
Bullish Scenario (Price moves up to PDH - 189.700 or Premium Zone - 191.000)
Probability: 55%
Reason:
The market recently showed a ChOCH to the upside.
If price maintains above the equilibrium zone, it may target PDH or even higher into the premium zone.
Liquidity above equal highs (EQH) might act as a magnet.
Bearish Scenario (Price moves down to PDL - 188.200 or Demand Zone)
Probability: 45%
Reason:
There’s a weak low that could be grabbed before a reversal.
Market has seen BOS downward, showing some bearish intent.
If price rejects the current resistance and moves below equilibrium, the next stop is the discount zone (188.200-187.900).Slightly higher probability of a bullish move (55%), as price is currently attempting to establish higher lows and break towards PDH.
Key Confirmation Needed:
If price remains above 188.900, bullish continuation is more likely.
If price breaks below 188.500, bearish pressure may take over.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.